Sheridan Wealth Advisors
Forensic Reviews of Life Insurance® Long Term Care & Life Settlements
A Welcome Message from Marc Sheridan, President and Founder
Sheridan Wealth Advisors is the leader in the field of Forensic Reviews of Life Insurance®
We have the expertise to review permanent life insurance policies and stand-alone long term care policies to deliver exceptional improvements that can include larger policy face values, lower premiums and "Living Benefits" such as guaranteed fixed rate long term care.
We have delivered life insurance benefits and premium savings in excess of $190,500,000. We achieve this by providing policies that have a 30% to 70%+ larger death benefit or that have premiums that are 30% to 70%+ lower for the same face value. Simultaneously we are adding "Living Benefits" such as fixed rate long term care. In addition we often benefit our clients via the identification, and elimination, of unintended policy lapse risk.
FORENSIC REVIEWS OF LIFE INSURANCE®
How Sheridan Wealth Advisors can lower your premiums or increase the benefit of your Universal Life (UL), Variable Universal Life (VUL), Whole Life (WL) or Survivorship Universal Life (SUL) policy by 30% to 70%+
FORENSIC REVIEWS OF LONG TERM CARE
Forensic Reviews of Long Term Care: Why you need a Forensic Review of your Long Term Care policy and why you need it now.
FORENSICS REVIEWS OF LIFE SETTLEMENTS
How we can assist you in selling your life insurance policy for the highest price.
Sheridan Wealth Advisors clients offer their views on the benefits and service they received.
Tripled policy size, lowered premiums $500,000, added LTC
Saved 50% Premiums, they're very professional
Exceeded my expectations in an unbelievable way
You could see their character; I truly appreciated it
Forensic Reviews Of Life Insurance®
A FORENSIC REVIEW OF YOUR LIFE INSURANCE ISN’T JUST SMART. IT’S ESSENTIAL.
If your Universal Life (UL) , Variable Universal Life (VUL), Whole Life (WL) or Survivorship Universal Life (Second-to-Die, or SUL) policy is at least 10 years old, we can help you by:
- Increasing the benefit by 30% to 70%+ without changing your premiums
- Lowering your premiums by 30% to 70%+ without reducing your benefit
- Adding living benefits, like Long Term Care with a fixed premium
- Putting cash in your pocket or eliminate policy loans
How that's possible:
- Life insurance is cheaper today because Americans are living longer
- We use an IRS-approved tax-free strategy that lets you use the cash value in your current policy to turbocharge your new policy
- At SWA, we advocate for our clients. We’ll use our proprietary and trademarked Forensic Review to compare your current policy with what’s available today from every appropriate A+carrier in the country.
You’ll get a spreadsheet that shows the comparison. Then, when appropriate, our in-house underwriters will aggressively negotiate to get multiple carriers to compete for your business
To qualify, you should:
- Own a UL, VUL, WL or SUL policy with a face value of at least $500,000
- Have owned the policy for at least 10 years
- Be in relatively good health
SWA's Forensic Review of Life Insurance® is a client-driven process that identifies the strengths and weaknesses in a qualifying policy.
We provide a tailored, comparative market study that delivers:
- Increases in death benefit
- Lower premiums
- Extension of coverage and guarantees
- Rescue policies from lapsing early
- Providing “Living Benefits” such as fixed-rate long term care or putting cash in your pocket
Forensic Reviews of Long Term Care
WHY YOU NEED A FORENSIC REVIEW OF YOUR LONG TERM CARE POLICY AND WHY YOU NEED IT NOW
The Long Term Care (LTC) industry is in crisis. LTC claims have far exceeded premiums. And the care itself is expensive: $75,000- $125,000 per year for an individual is common - and rising. This has caused many insurance companies to either dramatically raise premiums or pull out of the market altogether. If you currently have a long term care policy, you’ve likely already received at least one premium increase - and more are on the way. That’s why you need a Forensic Review that can identify reasonable and affordable alternatives. And they do exist.
Our Forensic Review can provide alternatives that deliver:
- Guaranteed fixed-rate pricing (no more premium increases)
- A money back option if you don’t need the care
- Flexibility and protection for you and your family
To qualify for a complimentary Forensic Long Term Care Review, you need:
- An existing LTC policy with total benefits of at least $250,000
- To be 75 years of age or younger
- To be in reasonably good health
Long term care is a significant living benefit that life insurance carriers provide. Until recently, the stand-alone long term care insurance industry dominated this market, but that is changing. Today, the remaining long term care industry is in demonstrable free-fall. Premiums on such policies are rising rapidly across the board.
The common-sense solution to this is being pioneered by several A+ rated Life Insurance carriers in the form of a guaranteed fixed rate long term care policy (so the premiums are locked in), embedded within a Universal Life policy. SWA can tailor a plan to balance LTC/Life Insurance priorities:
- Rates are locked in
- Replaces the "use it or lose it" characteristic of stand-alone long term care policies
- Plans available for long term care and/ or death benefit
Forensic Reviews of Life Settlements
Why You Need a Forensic Review of Life Settlements if You Want to Sell Your Policy
Some people no longer need their life insurance. Premiums may have increased as much as 100% to 500%, making policies unaffordable, grown children may have done well on their own and no longer need the funds. Selling the policy may provide significant funds while simultaneously eliminating expensive premiums which can be used for other purposes.
SWA can help you sell your policy for the highest possible price in a transparent, professional way.
Our Complimentary Forensic Review will:
- Collect all relevant medical records
- Obtain 2-4 estimates of Life Expectancy
- Seek out multiple bidders to maximize the sales price
- Assist in document review
- Facilitate as smooth process resulting in the sale of your policy
To Qualify for Your Forensic Review of Life Settlements you must:
- Own an Individual or Survivorship, Whole Life, Universal Life, Variable or Index Universal Life policy with a face value of at least $500,000
- Have a life expectancy of 10 years or less
- Be ready to sell the policy
Life settlements are typically new for most policy owners. The learning curve is steep and the marketplace akin to the “Wild West”; not a healthy environment for people with little or no experience in this arena; stories abound of people “going it alone” and discovering later they were vastly under-compensated for their policy. SWA will guide you through the process to maximize your value in a way that includes you in the process and instills a comfort that you’ve achieved the most for your policy.
What else does SWA do besides Forensic Reviews?
Nothing. While Marc Sheridan has 25 years of experience in the Life Insurance arena, with expertise in Estate Planning, Charitable Giving and Family Wealth Planning, Forensic Reviews are all the company does now.
How many people / families have you helped improve their policies?
How does "Client Advocacy" benefit me during the application process?
Different insureds will have different needs – they may have had some health issues since their last policy and need a carrier who is more competitive in that arena. Each insured is different so SWA compares multiple options from multiple carriers - selecting only the best alternatives. The client knows they’re receiving a fully-researched recommendation. When appropriate our in-house underwriters will negotiate with carriers to obtain the desired offer.
Do you spreadsheet the whole industry or do you just represent one carrier?
We spreadsheet the entire industry! Quotes, products and underwriting guidelines all vary greatly by carrier. We do not rely on one company to provide you the best available solution because that leaves out the rest of the industry.
What is the benefit of having cash inside the policy?
Cash in a policy is good for 3 things:
- Using it as a line of credit to borrow against, at expensive rates
- Paying premiums on the policy
- Most productively, using it in a 1035 Tax-free exchange to amplify the benefit in higher policy values or lower premiums in a new policy
What is a 1035 Tax Free Exchange?
Section 1035 of the IRS Tax Code allows for cash that has built up in a permanent policy (Whole Life or Universal Life, not Term) to be transferred into a new policy, tax-free.
Do all A+ carriers charge the same premiums?
No, not even close. A+ rated companies can charge as much as 50% more than other A+ rated companies for the same death benefit, so it’s vital to spreadsheet the industry.
Does SWA only work with A+ carriers?
What is the typical increase in Death Benefits from our Forensic Reviews?
30% to 70%+
What is the typical decrease in premium rates from our Forensic Reviews?
30% to 70%+
President and Founder
A 25 year veteran of the insurance industry, Marc developed the Forensic Review of Life Insurance®, Forensic Review of Long Term Care and Forensic Review of Annuities process that is helping scores of families unlock the latent and un-utilized value in their existing policies. He has counseled hundreds of individuals, family offices and charitable organizations across the country to understand the myriad complexities in their life insurance (and related tax and estate planning) and explain, in plain English, alternatives that make sense. He has earned a reputation for common-sense strategies that add value, save money and lower risk exposure. He is a frequent Member of the Million Dollar Round Table and “Top of the Table” which represents the top 1% of planners in America. Marc lives in Bal Harbour, FL and is an active community member and local business leader.
Robert “Bob” Sheridan is a successful entrepreneur and real estate investor who has a national reputation for innovation and leadership that spans over 50 years. Bob founded Nationwide Leasing Company, one of the original companies in equipment leasing, in 1959 and was a founding member and the first President of the National Equipment Leasing Association.
Subsequently Bob created Robert Sheridan & Partners which focused the social and economic benefits of apartment ownership. As a result, RS&P was an early sponsor of condo conversions and ultimately completed 30 projects with over 9,000 units representing between $2.5 and $3.0 billion in value, spanning numerous cities including New York, Chicago, Philadelphia, and Atlanta as well several cities in Florida.
Together with Marc Sheridan, he established American Buying Corporation which created a master pool into which property owners could place their assets and benefit from the group’s buying power to reduce insurance premiums. By the mid-1990s American Buying had an insurance pool in excess of $2 billion.
Over the recent past Bob has been active in redeveloping existing residential properties in the Chicago area. Bob continues to reside in the Chicago area.
Senior Vice President
Ricky Turetsky. a University of Michigan graduate and a University of Florida law graduate practiced law for seven years and then began a 30+ year career of marketing and sales. He was active in the medical and laboratory arenas as an owner and consultant. Ricky also worked in the wealth management arena. Finally Ricky was engaged in venture capital primarily with Israeli companies.
With his expertise as an estate planning attorney and his long standing career in sales and marketing, Ricky brings an expertise and skill set to Sheridan Wealth Advisors that has has helped to create many opportunities for friends and clients to benefit dramatically from the SWA forensic reviews of older insurance and long term care policies and annuities.
VP of Operations
David brings 3 decades of sales and operational experience to SWA via his work with such clients as J.P Morgan Chase, First Data Corp, Merrill Lynch and American Express as well as numerous smaller clients in the United States and Germany. His role at SWA includes client interface and operational responsibilities, as well as working closely with the SWA team in the ongoing improvement of the SWA process and client experience. He lives in Chicago, IL.
Director of Marketing
Charlie Robb has been SWA’s Director of Marketing since 2007. He oversees the day-to-day corporate communications and advertising for the company and is responsible for building the Sheridan Wealth Advisors brand. Before joining SWA, Charlie was a principal at Smith and Robb Advertising in Fort Lauderdale. He has held creative and management positions at a number of the world’s largest advertising agencies, including Ketchum Communications in Pittsburgh and BBDO, Cunningham & Walsh and Foote Cone & Belding in Chicago. He also maintains a marketing and advertising consultancy, Charchin Creative.
Charlie has won numerous national and international marketing and advertising industry awards, including the OBIEs, One Show, Show South, New York Festivals, International Mobius Awards and dozens of ADDYs. Due to his creative reputation, he has been called on to judge at the Mobius Awards, The OBIEs, the ADDY Awards and he has been a guest judge at The Miami Ad School’s Portfolio Review.